Powin Inks 10GWh Deal with EVE Energy
Global energy storage platform provider Powin LLC (Powin) has secured a 10GWh supply agreement with EVE Energy Co., Ltd. (EVE), a leading battery cell supplier.
The deal aims to cater to the global energy storage market and specifically support Powin's flagship project, the 1,850MWh Waratah Super Battery. This agreement exemplifies Powin's commitment to proactively addressing supply challenges while delivering safe, reliable, and high-performance battery energy storage systems.
This announcement builds upon a long-standing partnership between Powin and EVE that originated in 2021 with a two-year supply contract at a GWh scale.
EVE has since expanded its energy storage capacity, investing over USD 3 billion in six new battery plants, totalling 120GWh. As part of the agreement, EVE will supply Powin with LFP battery cells, which will be integrated into Powin's Centipede™ Platform and optimized using their proprietary StackOS™ software, providing exceptional levels of visibility and control to enhance safety and performance.
Jason Eschenbrenner, Vice President of Global Procurement at Powin, expressed excitement about the extended partnership with EVE Energy, emphasising the remarkable results achieved through their collaboration. The off-take agreement aims to unlock even greater potential in sustainable energy storage solutions, empowering businesses and communities with reliable and clean energy options.
Steven Chen, President of EVE Energy Storage Co., Ltd. and VP of EVE Energy, highlighted the natural progression of the partnership with Powin in advancing the clean energy revolution.
He emphasised the strength of their collaboration and the ability to deliver sustainable energy storage solutions at an unprecedented scale by combining Powin's industry expertise with EVE's state-of-the-art LFP battery technology. Together, they aim to accelerate the global transition to clean energy and make a lasting positive impact on the planet.
Powin's fully integrated business model has positioned the company to navigate challenging supply chain issues prevalent in the industry. As one of the largest energy storage providers in North America, with multiple qualified and approved battery cell vendors, Powin is less vulnerable to supply chain bottlenecks, allowing them to meet the rapidly growing demand for batteries more efficiently.
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Source: Powin
